The Inflation Tea Leaves?
What story is the market telling us? The stock market rallied on the Fed rate cut of half-a-point. So far, so good.
But bond investors aren’t happy. Long-term bond yields, as well as the rate on fixed-rate mortgages, rose on inflation worries following the Fed easing. Similarly, the dollar spiraled lower and the price of gold is up.
One of these markets is wrong about the outlook for inflation. But which one?
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.